Collection Agencies in Massachusetts

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List of collection agencies in Massachusetts

If you need a cost-effective debt collection agency fully licensed to recover medical or small business debt in Massachusetts: Contact us

• • Receivable Management Corporation (RMC) : Woburn
  • FH CANN & Associates : North Andover
  • EOS CCA Debt Collection Services : Norwell
  • Diversified Credit Services / Highland Collection : Woburn
  • Delta Management Associates Inc : Chelsea
  • Valentine & Kebartas Inc : Lawrence
  • Glenn Associates : Wilmington
  • First Financial Resources (FFR) : Framingham
  • Associated Credit Services ACS : Westborough
  • Stevens Business Service (SBS) : Lowell
  • Action Collection Agency of Boston (ACA) : Middleboro
  • Peter Roberts & Associates (PRA) : Milford
  • Gragil Associates Inc : Pembroke
  • The Allen Daniel Associates (ADA) : Waltham
  • Western Mass Credit Corp : Wilbraham
  • Debt Management Inc : Mansfield
  • All Debt Solutions : Milford
  • Worcester

Debt Collection Laws in Massachusetts

Here are some relevant federal and state laws that were in effect as of 2021:

1. Fair Debt Collection Practices Act (FDCPA): This federal law protects consumers from abusive, deceptive, or unfair debt collection practices. It sets limitations on when and how debt collectors can contact consumers and gives consumers the right to dispute debts and obtain information about the debts.
2. Fair Credit Reporting Act (FCRA): Another federal law, the FCRA regulates the collection and use of consumer credit information. It provides consumers the right to access their credit reports and to dispute any inaccuracies.
3. Massachusetts Fair Debt Collection Practices Act (MFDCPA): Massachusetts has its own debt collection regulations (940 CMR 7.00), which extend the protections of the FDCPA to creditors collecting their own debts. The state regulations also contain specific rules on when and how debt collectors can contact consumers.
4. Statute of Limitations in Massachusetts: In Massachusetts, there is a time limit for when creditors can sue consumers for unpaid debts. As of 2021, the statute of limitations for contracts was six years, and this usually applies to most consumer debts.
5. Massachusetts Garnishment Laws: If a creditor obtains a court judgment against a debtor in Massachusetts, they can garnish the debtor’s wages. Massachusetts law limits the amount that can be garnished to the lesser of 15% of the debtor’s gross earnings or the amount by which the debtor’s weekly earnings exceed 50 times the federal minimum wage.
6. Exemptions in Massachusetts: Massachusetts has laws that protect certain types of property from being taken by creditors to satisfy a debt judgment. These include a homestead exemption, personal property exemptions, and exemptions for certain types of income and benefits.
7. Licensing Requirements: Collection agencies operating in Massachusetts must be licensed and bonded. Licensing is regulated by the Massachusetts Division of Banks.
8. Notification Requirements: Debt collectors in Massachusetts must provide a written notice within five days of the initial communication, containing information about the debt, the name of the creditor, and informing the consumer of their right to dispute the debt.
9. Communication Restrictions: Massachusetts law prohibits debt collectors from contacting consumers by phone for the purpose of debt collection more than two times in a seven-day period for each debt.

Please make sure to verify the most current legal information or consult an attorney or legal expert with expertise in debt collection laws in Massachusetts for the most up-to-date details on debt collection laws in the state.

A complete list of FDCPA federal laws to be followed by all collection agencies in USA are listed here: US Debt collection laws

• Average Consumer Debt in Massachusetts: 116K
• Average federal and private student loan debt: $32K.
• Average resident Credit card debt: $4K
• Average mortgage balance: 261K
• Total population of MA: 6.9 million

Unpaid medical bills weigh in less on your credit score versus other debts and cannot be reported before 180 days to the bureaus.